make a general journal and a general ledger(T-accounts)

1 Adomain Income Statement 2 for Year ended December 31, Year 0 3 4 Revenues 5 Sales Revenue $190,500 6 Expenses 7 Cost of Goods Sold (110,500) 8 R & D Expense (10,000) 9 Sales Commissions (2,000) 10 Marketing Expense (5,000) 11 Insurance Expense (6,000) 12 Other Operating Expenses (27,500) 13 Income from Operations $29,500 14 Interest Income 500 15 Income before Taxes 30,000 16 Income Tax Expense (9,500) 17 Net Income 20,500 18 19 1 Adomain Balance Sheet 2 As of December 31, Year 0 3 4 Assets 5 Cash $100,000 6 Marketable Securities 7,700 7 Accounts Receivable 25,000 8 Inventory 21,000 9 PP&E (net) 36,400 10 Land 11,500 11 Other Long-Term Assets 17,000 12 Total Assets $218,600 13 14 Liabilities & Equity 15 Accounts Payable $51,000 16 Notes Payable 39,500 17 Unearned Revenue 50,000 18 Income Tax Payable 6,700 19 Common Stock 51,000 20 Retained Earnings 20,400 21 Total Liabilities & Equity $218,600 22 23 Assume these notes represent non-interest-bearing loans from owners, due in 5 years. 24 Transaction 2 3 4 3 6 7 3 9 Year 1 Transactions for Ademais Date Et y 1 Paid last year's come tax liability March Sold On for 5157.5000) The cost of the inventory was 517,2000). Als paldies commissionale of 1000 (C) April 525200 force for the next 12 monthned the traction April Paid $25.00 in a foreign PPRE) AN Purchased intory for 2Pandecorded Ace Poe for the engine April Recened 50.000 in cash related to the receivable recorded on March 31 May 1 Paid of payable related to the purchase of innoy on April May Received 542.000 cash in advance for Mrvices. There will be provided over the course of months beginning on Ost of this year June 30 P 10.000 in prelated to new products $15.700 for each and development of the products and S14100 for marketing to advertise them July 31 Purchased applies for $14.000 in cash The accountant Revidently debited Accounts Receivable thead of the appropriate count VAN 31 The tantodel castest they made in 10 (to that the account will reflect what have been cended Sop:30 Purchased the securities for $11.000 inch October med S000 from local marknade Syarate payable preto pay your de recorded Dec 12 Dealer Pad 24400 in cash to boyaplote land for wearing lot Other Common Stock worth $21.000 cash Dool Salaris emeralticen were 521.000. The company paid 59.000 now and the remainder will be paid as an 1 Year Des 31 Income Tax for Year 1 1511.000 59.000 paid this year and the remainder will be paid on April 1 of Year 2 Dec 31 Record the write adjusting entry related to med revenue from May Traction > Dec 31 Record the appropriate justing entry related to the rest described in transaction 3 Dec 31 $800 applies are still on hand on Dec 31. Record the stories try to reflect the supplies to hand (Refer to transaction 10) Dec 31 Record the propriate ting entry related to the table described in traction 12 asuming interest will be paid in year 21 TOS 11 TE 14 15 16 17 19 20